After a rousing start, the Canadian market pared some gains Wednesday morning, but remained firmly placed in positive territory around noon, as news about the U.S. and Iran agreeing to a two-week ceasefire.
U.S. President Donald Trump said in a Truth Social post yesterday evening that he has agreed to suspend the bombing and attack on Iran for a period of two weeks subject to Tehran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.